no comments

The Paul Manafort Indictment: What We Know So Far

Special counsel Robert Mueller on Monday announced the indictment of Paul Manafort, former chairman of Trump’s campaign, and associate Rick Gates, on 12 counts, including false statements, failure to file reports of foreign financial and bank accounts, and money laundering.

During the court hearing on Monday, we learned that Manafort has three U.S. passports, and each one has a different number. Over the course of a decade, he submitted ten passport applications.

Manafort also traveled to China, Mexico and Ecuador this year with an email and phone account registered under a fake name. He also traveled to Cancun, Dubai, Havana, Panama City, Tokyo, Grand Cayman Island and Shanghai over the last year.

Court documents show that both Manafort and Gates were lobbying and doing work for a pro-Russian political party. Both have been accused of failing to register as foreign agents for Ukraine. They are also accused of laundering up to $75 million in payments.

Manafort’s assessment of his net worth fluctuated when he began serving as Trump’s campaign chairman. In August 2016, he claimed to have $28 million in assets, but then claimed to have $63 million in assets in a different application.

Gates frequently opened and closed accounts and changed banks. Gates opened a total of 55 accounts with 13 institutions.

This is the first of Mueller’s indictments in the investigation into Russian meddling in the 2016 presidential election.

If Manafort and Gates are convicted, they will each face more than a decade in jail time. If they make a deal with prosecutors, they would likely serve less time.

Manafort and Gates both pleaded not guilty to the 12 charges on Monday. Their attorneys have both asked to be released from house arrest. Mueller says the two pose a “serious risk of flight,” particularly because they made frequent trips to Cyprus.

 

 

About The Author
Jacob Maslow The senior editor of Legal Scoops, Jacob Maslow, has founded several online newspapers including Daily Forex Report and Conservative Free Press. He also works as an Online Marketing Consultant providing web marketing services.